[
US
/ɹiˈsivɝˌʃɪp, ɹɪˈsivɝˌʃɪp/
]
[ UK /ɹɪsˈiːvəʃˌɪp/ ]
[ UK /ɹɪsˈiːvəʃˌɪp/ ]
NOUN
- a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all
-
the state of property that is in the hands of a receiver
the business is in receivership - the office of a receiver
How To Use receivership In A Sentence
- Young's art simultaneously unfolds, extends, abnegates, and defies authorship and receivership - all in one fell swoop.
- The 92-bedroom hotel was put into receivership in March and then put up for tender.
- They want to know that the company that they deal with today will not go into receivership tomorrow.
- The additional provision is necessary to meet the revised estimates of compensational losses which will have to be met by the ICCL due to the impact of the fees, costs and expenses of the receivership on client assets.
- The zombie banks must be placed in receivership before the economy can work properly again. Matthew Yglesias » Geithner’s Recipe for Zombie Banks
- The Resolution Trust Corp., which disposed of the failed thrifts, had a simpler task because the banks were already in receivership.
- That tenant failed to pay the rent and went into administrative receivership in October 1999.
- The colliery is now producing 10,000 tonnes of coal a week, which is 2,000 more than before the mine went into receivership.
- How many companies have gone into liquidation/receivership during the current recession?
- the business is in receivership
